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Home » Store » News » Class Action Reform Fails While Industry Scores on Preemption

Class Action Reform Fails While Industry Scores on Preemption

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The mortgage industry reported mixed results in recent legislative actions with a win on the federal preemption front and what appears to be a loss in a quickly unraveling effort to obtain class action reform this year. Under the good news column, the Mortgage Bankers Association succeeded in eliminating an amendment that would have barred the Department of Justice from defending the Office of the Comptroller of the Currency in any lawsuit challenging the
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